MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Daily analysis of USDX for June 22, 2016

On the H1 chart, USDX is still moving into a bullish bias above the support level of 93.43, which remains solid into a week of uncertainty because of the Brexit referendum. The Index is close to the 200 SMA price zone, where a pullback should happen technically to resume the overall bearish trend. However, if USDX does a breakout above the 94.07 level, then it can rally towards the 94.54 level.

USDXH1.png

H1 chart's resistance levels: 94.07 / 94.54

H1 chart's support levels: 93.82 / 93.43

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 94.07, take profit is at 94.54, and stop loss is at 93.61.

The material has been provided by InstaForex Company - www.instaforex.com